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318 SPRUCE Street Unit# 1202, Waterloo — listed at $499,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
Turnkey investment in Waterloo’s University District! Unit 1202 at 318 Spruce Street is a 3-bedroom, 2-bathroom condo with tenants already in place, so a buyer takes over an existing lease rather than starting from a vacant unit. Located steps from the University of Waterloo and Wilfrid Laurier University, this suite sits in a well-known rental area of Kitchener-Waterloo that is popular with students and young professionals. The suite features 3 bedrooms, two full bathrooms, a kitchen with granite countertops and stainless steel appliances, and in-suite laundry. It’s a practical layout for a rental, with a bedroom count and in-suite laundry that tenants in this area look for. Close to transit, shopping, restaurants and everything uptown Waterloo has to offer. Whether you’re adding to your portfolio or buying your first investment property, this one is worth a look. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| 3pc Bathroom | Main level | — |
| Bedroom | Main level | 10'2'' x 11'7'' |
| 4pc Bathroom | Main level | — |
| Primary Bedroom | Main level | 9'6'' x 12'6'' |
| Kitchen | Main level | 8'2'' x 9'3'' |
| Bedroom | Main level | 10'0'' x 16'2'' |
What's the parking situation?+
This property includes 1 space — Underground, None.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
What do the condo/maintenance fees cover?+
The $743.19/mo fee covers: Heat, Water, Insurance, Parking.
Built in 2016 — is this considered new?+
A 2016 build means modern building codes, likely better insulation and wiring than older homes. Ask if any major systems (roof, furnace, windows) have been replaced — even newer homes need maintenance.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Is 318 SPRUCE Street Unit# 1202 a good fit for a growing family?+
With 3 bedrooms and 2 bathrooms (957 sq ft), there's room for kids plus a guest room or home office.
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